Crypto Daily｜Bitcoin Retakes $65,000; Trump Won’T Pardon FTX’S SBF; Meta Reportedly Eyes Stablecoin Integration This Year

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin retakes $65,000

Bitcoin pushed back above $65,000 on Wednesday, tracking a broader rebound in risk assets after several sessions of turbulence.

Trump Won’t Pardon FTX’s Sam Bankman-Fried

The White House has stated that U.S. President Donald Trump won’t pardon FTX’s founder, Sam Bankman-Fried (SBF). This follows a recent campaign from the crypto founder to get a pardon from the president, even as he seeks a new trial.

According to a Fortune report, a White House spokesperson reiterated that Trump has no intention to pardon the FTX founder. The spokesperson referenced the president’s comments last month, in which he said he did not plan to pardon Sam Bankman-Fried. “The President is the ultimate decider on all pardons,” the spokesperson wrote in an email to Fortune.

Meta Reportedly Eyes Stablecoin Integration This Year Amid Regulatory Clarity

Tech giant Meta is reportedly looking to integrate stablecoin payments across its platforms, including Facebook, WhatsApp, and Instagram. This comes amid regulatory clarity, thanks to the passage of the GENIUS Act, which has boosted stablecoin adoption, with experts predicting the stablecoin industry will grow into a trillion-dollar market.

According to a CoinDesk report, the tech giant is looking to enter the stablecoin space later this year, pending a successful integration with a third-party firm facilitate the payments, citing three people familiar with the plans. One of these people revealed that the stablecoin integration could be early in the second half of this year.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was $178.78 million. The total net asset value of Bitcoin spot ETFs is $81.01 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.28%.

The Bitcoin spot ETF with the highest net inflow on February 24 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of $82.81 million, according to SoSoValue.